2016-08-08bloomberg.com

China's ambition to revive an ancient trading route stretching from Asia to Europe could leave an economic legacy bigger than the Marshall Plan or the European Union's enlargement, according to a new analysis.

Dubbed 'One Belt, One Road,' the plan to build rail, highways and ports will embolden China's soft power status by spreading economic prosperity during a time of heightened  political uncertainty in both the U.S. and EU, according to Stephen L. Jen, the chief executive officer at Eurizon SLJ Capital Ltd., who estimates a value of $1.4 trillion for the project. 

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With the potential to touch on 64 countries, 4.4 billion people and around 40 percent of the global economy, Jen estimates that the One Belt One Road project will be 12 times bigger in absolute dollar terms than the Marshall Plan. China may spend as much as 9 percent of gross domestic product -- about double the U.S.'s boost to post-war Europe in those terms.



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